PAYSTRAX accelerates growth in Lithuania with multi-city success story

PAYSTRAX, a payment processing solutions provider, has announced further expansion of its Lithuanian operations. The company, which has successfully grown its presence in both Vilnius and Klaipėda, plans to strengthen its team across multiple departments in 2025, including Commercial, IT, and Finance. 

The fintech company, which established its headquarters in the capital Vilnius in 2018 and opened a second office in Klaipėda in 2022, has demonstrated remarkable growth in Lithuania. The company has offices in United Kingdom and Iceland, but the majority of PAYSTRAX’s team is based in Lithuania, with the company currently employing over 80 professionals across two cities. 

According to the company, Lithuania has the level of education, expertise and professionalism of specialists here align perfectly with their business goals and supports the expansion in both Vilnius and Klaipeda. These offices drive a significant portion of the company’s European operations, including finance, IT, product development, and customer support.

PAYSTRAX provides payment solutions for both e-commerce and POS terminal merchants, offering acquiring services across European markets. The company serves customers in 23 countries across the EEA and UK, with transaction volumes reaching approximately 490 million euros in 2024.  

Looking ahead, PAYSTRAX plans to expand its product offerings, including the introduction of new currencies in its multi-currency settlement services and the launch of a Payment Facilitator program, that enables businesses to offer card acquiring services under their own brand, providing a seamless and customized payment experience for their customers. The company is also working on implementing AI solutions across its internal processes to enhance operational efficiency.